MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED - MTN Group Limited Credit Rating Opinion by Moodys

MTN Group Limited Credit Rating Opinion by Moody’s

MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1993/001411/06
(MTNH) or (the Company)


MTN Group Limited Credit Rating Opinion by Moody’s


Noteholders are referred to the Moody's Investors Service
(Moody's) press release on 6 April 2022 on MTN Group Limited.

Moody’s has affirmed MTN Group Limited's (MTN) Ba2 corporate
family rating (CFR) and repositioned its national scale rating
(NSR) to Aa1.za from Aa2.za, the outlook was changed to stable
from negative. The rating action directly follows the
affirmation of the sovereign rating of South Africa at Ba2 and
change of the outlook to stable from negative on 1 April.

For commentary on details ratings taken please refer to
Moody’s press release available on their website:

https://www.moodys.com/research/Moodys-takes-rating-actions-
on-10-corporates-following-South-Africas--PR_464683



08 April 2022

Debt Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division.

Date: 08-04-2022 05:40:00
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